INTERNATIONAL

Ghana to Default on Most External Debt as Economic Crisis Worsens

Ghana on Monday suspended payments on most of its external debt, effectively defaulting as the country struggles to plug its cavernous balance of payments deficit. Its finance ministry said it will not service debts including its Eurobonds, commercial loans and most bilateral…

20/12/2022

Ramaphosa Re-elected to Lead South Africa’s Ruling Party

Pragmatic, wealthy and ambitious Cyril Ramaphosa was re-elected leader of South Africa’s ruling party, African National Congress, on Monday, despite being badly damaged by a cash-heist scandal that had dogged him for months. Ascendancy to the helm of the ANC in power for…

19/12/2022

Netherlands to Make Official Apology for Slavery

About 150 years after the end of slavery in its former colonies, the Netherlands on Monday said it will officially apologise for the injustice. Prime Minister Mark Rutte plans to give a speech on slavery at the National Archives in The Hague later…

19/12/2022

EU Court Rejects European Super League

The Super League’s claim that UEFA’s governance of European football constitutes an illegal monopoly under EU competition law has been rejected by the European Court of Justice’s advocate general. The non-binding opinion from advocate general Athanasios Rantos was published on Thursday ahead of…

18/12/2022

Biden: Buhari Role Model for Democracy in Africa

United States President, Joe Biden, hailed President Muhammadu Buhari for his efforts to deepen democracy not only in Nigeria, but also in Africa. Biden spoke in Washington, while meeting with leaders of six African countries billed to have elections in 2023, on the…

16/12/2022

Elon Musk Sues 20-year-old Student Who Tracks His Private Jet

Elon Musk, the billionaire owner and chief executive officer of Twitter, says he is pursuing a legal action against Jack Sweeney, the owner of an account on the microblogging platform dedicated to tracking his private jet. Twitter already suspended the account on…

16/12/2022

US Lawmakers Propose Bill to Ban TikTok

Lawmakers of the United States Senate have introduced a bill to ban the use of the popular social media platform, Tiktok, in the country. One of the bill’s sponsors, Republican Senator Marco Rubio of the Senate Intelligence Committee, stated that the app was…

14/12/2022

Denmark to Get New Govt Weeks After Elections

Denmark will finally have a new government six weeks after inconclusive elections with a left-right alliance forged after tortuous negotiations, Prime Minister Mette Frederiksen said Tuesday. “A new government will be presented on Thursday,” the left-wing Frederiksen told reporters, following a narrow election…

14/12/2022

IMF Agrees $3bn Bailout For Ghana To Stabilize Economy, Manage Debt

Ghana secured a staff-level agreement with the International Monetary Fund for a $3 billion bailout, a key step in the West African nation’s plans to restructure its unsustainable debt. The accord, which still requires IMF board approval, enables the government to address its…

14/12/2022

W’Cup: US Seizes 55 Websites for Illegal Live-Streaming

Fifty-five websites have been seized for illegally live-streaming matches from the World Cup in Qatar, the United States Justice Department said Monday. The websites were shut down after a FIFA representative identified sites being used to distribute copyright-infringing content without the authorization of…

13/12/2022